What amount of unrealized loss be reported for nightmare co

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Reference no: EM132817003

Nightmare Company provided the following information on December 31, 2020 regarding the portfolio of equity securities:

Aggregate cost 1,700,000

Unrealized gain 40,000

Unrealized losses 260,000

Net realized gains during the current year 300,000

The equity investments are measured at fair value through other comprehensive income. On January 1, 2020, the entity reported unrealized loss of P 15,000 to reduce investment to market on a portfolio basis.

Question 1: In the December 31, 2020 statement of changes in equity, what amount of unrealized loss should be reported?

A. P 260,000

B. P 220,000

C. P 205,000

D. P 0

Reference no: EM132817003

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